FIUNKFPR Financial Planning and Budgeting

School of Business Administration in Karvina
Winter 2024
Extent and Intensity
12/0/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Petra Růčková, Ph.D. (lecturer)
Mgr. Tetiana Konieva, Ph.D. (assistant)
Guaranteed by
doc. Ing. Petra Růčková, Ph.D.
Department of Finance and Accounting – School of Business Administration in Karvina
Contact Person: Ing. Irena Szarowská, Ph.D., MPA
Prerequisites (in Czech)
FAKULTA ( OPF ) && TYP_STUDIA ( N ) && FORMA ( K )
K absolvování předmětu nejsou vyžadovány žádné podmínky a předmět může být zapsán nezávisle na jiných předmětech
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 80 student(s).
Current registration and enrolment status: enrolled: 0/80, only registered: 0/80
fields of study / plans the course is directly associated with
Course objectives
Course objectives: The course acquaints students with the basic theoretical pieces of knowledge of financial planning and budgeting. The course objective is to acquaint the students with positives and problems of assembling of firms' financial plan. The course acquaints students with methods of evaluation of investment, assignment of planning cash flow and evaluation of financial resources for firms' financial policy.
Syllabus
  • 1. Introduction to financial planning
    Definition of financial planning, its definition from the perspective of financial management of the enterprise. Definition of financial analysis methods and their practical application in financial planning. The background to financial planning. Objectives of financial planning. Form and most common errors in financial planning.
    2. Strategic planning
    Definition of strategic planning. Requirements and development of a strategic plan. Steps in the development of a strategic financial plan. Mission and objectives of the company. Strategy in business activities. Criteria for selecting strategies and their impact on the financial plan. Components of the financial plan. Methods of strategic planning.
    3. Short-term financial planning
    Definition of short-term planning. Distinction between operational planning and strategic planning. The position of operational planning in the financial planning process. Structure of the short-term financial plan. Short-term liquidity forecast. BSC and EVA in the financial plan
    4. Investment plan - methods of investment evaluation and their influence on the sources of financing
    Determining cash flows from planned investment projects. Options for evaluating investment plans. Investment appraisal methods - NPV, IRR, payback period method. Financing options for investment projects and their influence on determining cash flow from the project. BSC and EVA in the financial plan.
    5. Plan profit and loss account and plan balance sheet
    Revenue planning methods - aggregated and disaggregated. Advantages and disadvantages of each method. Cost plan - methods. Material and energy consumption plan. Personnel cost plan. Depreciation plan. Other cost plan. Profit and loss planning and the plan for the disposal of the generated profit and loss.Definition of the plan balance sheet and its position in the management process. Methods of financial balance sheet planning - percentage of sales method, regression method, turnover ratio method. Schedule of items not directly related to sales - determining the need for fixed assets and sources of financing. Determination of income and expenditure in the enterprise.
    6. Application of financial planning methods in business practice - case study on a specific company.
    Creation of an investment plan and its evaluation using selected methods. Evaluation of different types of financing of the investment plan. Application of methods in profit and loss planning. Application of methods in planning the balance sheet of a specific company.
Literature
    required literature
  • RŮČKOVÁ, Petra. Finanční analýza : metody, ukazatele, využití v praxi. In Finance. 7. aktualizované vydání. 165 stran. Finance. ISBN 978-80-271-3124-2. info
  • RŮČKOVÁ, Petra. Finanční plánování a rozpočtování (Financial planning and budgeting). Online. Karviná: Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné, 2019. info
  • RŮČKOVÁ, Petra. Finanční analýza (Financial analysis). Karviná: Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné, 2014, 107 pp. ISBN 978-80-7510-024-5. info
    recommended literature
  • SAMONAS, Michael. Financial forecasting, analysis, and modelling : a framework for long-term forecasting. In Wiley Finance Series. 1 online z. Wiley Finance Series. Plný text - pro registrované uživatele NK ČR Informace o výpůjčkách e-knih info
  • MARINIČ, P., 2014. Hodnotový management ve finančním řízení. Praha: Wolters Kluwer. ISBN 978-80-7478-405-7
  • WATSON, Denzil. Corporate finance : principles and practice. Harlow, England: Pearson, 2016. ISBN 9781292103037. info
  • COPELAND, Thomas E. Financial theory and corporate policy. Harlow: Pearson, 2014. ISBN 978-1-292-02158-4. info
Teaching methods
Skills demonstration
Students' self-study
Assessment methods
Written exam
Language of instruction
Czech
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: Přednáška 12 HOD/SEM.
Teacher's information
Activity Difficulty [h]
Konzultace 6
Ostatní studijní zátěž 93
Přednáška 6
Zkouška 40
Summary 145
The course is also listed under the following terms Winter 2014, Winter 2015, Winter 2016, Winter 2017, Winter 2018, Winter 2019, Winter 2020, Winter 2021, Winter 2022, Winter 2023.
  • Enrolment Statistics (Winter 2024, recent)
  • Permalink: https://is.slu.cz/course/opf/winter2024/FIUNKFPR